Can I transfer lost super into PSS?

You will need to enter the Unique Superannuation Identifier (USI) of the PSS fund which is 74172177893001.

How do transfers grow my PSS super?

Transfers made after 1995

Post 1995 transfer amounts do not grow your defined benefit and cannot be converted to a CPI-indexed lifetime pension at retirement. Instead, they comprise a separate lump amount in your account, known as an Accumulated transfer amount (Post 1995).

This amount attracts fund earnings, which can be positive or negative. It will be payable as a lump sum when you claim your benefit or can be transferred to another fund at any time. You must transfer out the entire amount and can only make one transfer per financial year.

You can transfer your Accumulated transfer amount (Post 1995) into PSSap to keep it invested in the Australian Government super environment (you will still be a PSS member).

Transfers made before 1996

Pre 1996 transfer amounts are added to your Accrued Benefit Multiple, becoming part of your defined benefit. These amounts are added in the form of a Transfer Multiple, which is your Pre 1996 amount divided by your average salary on the date your transfer was received by PSS.

4) performance based pay contributions paid under an earlier industrial agreement applicable to Australian Government employees

5) productivity contributions previously paid by your employer under the Superannuation (Productivity Benefit) Act 1988 during a period of employment undertaken immediately before you became a PSS contributing member.

For preserved benefit members

In limited circumstances preserved benefit members may transfer an amount into PSS. To be eligible, the amount must satisfy the requirements of points 3, 4 or 5 outlined above for contributing members, and must relate to your period of PSS contributory membership.

How do I transfer amounts into my PSS account?

You will need to enter the Unique Superannuation Identifier (USI) of the PSS fund which is 74172177893001.

Please note PSS cannot arrange the transfer on your behalf.

You can also contact your other fund directly. Generally you must complete your other fund’s transfer or rollover form. Super monies are usually transferred electronically. However, if your other fund does it by cheque, it must be made payable to:

2) claim any unrestricted non-preserved component of your transfer amount as cash and transfer the remaining balance to another fund, or

3) transfer the entire amount to another fund.

Contributing and preserved benefit members can transfer their Accumulated transfer amount (Post 1995) to PSSap, keeping these monies invested in the Australian Government super environment.

You exit PSS (withdrawing your entire benefit)

We recommend you contact us for a benefit estimate. This will outline your available options, showing how much you can be paid immediately as a cash lump sum.

What happens to my Pre 1996 transfer amount if I leave my job?

If you become a preserved benefit member, your amount will be preserved in the fund for payment at a later time. Once you do exit the scheme and claim your benefit, your Pre 1996 amount can be claimed as a lump sum, or a pension (provided 50% is converted to a pension).

We recommend you contact us for a benefit estimate. This will outline your available options.

What monies can I transfer out without leaving my job?

All members can transfer the following amounts to another super fund including PSSap:

Amounts

Which comprise

How to transfer

Your Accumulated transfer amount (Post 1995)

All accumulated amounts paid to PSS as a Post 1995 transfer amount including any government contributions (co-contribution amounts, low income superannuation contributions and ATO Superannuation Guarantee payments)